SEC Commissioner Hester Peirce said that to engage in crypto activities, “SEC-registrants have had to hop from one poorly illuminated regulatory space to the next.” SEC Commissioner and head of the crypto task force, Hester Peirce, says US financial firms are navigating crypto in a way that’s similar to playing the children’s game “the floor…
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Key Points: The SEC commissioner Hester Peirce expresses concern regarding crypto firms’ non-audit work. Due to a SEC statement disabling accounting firms from performing non-audit work, crypto firms worry about a lack of transparency. Bookkeeping firms encouraged to embrace win big or bust way to deal with commitment with crypto firms to forestall an absence…
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